MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
−Removed: The Company’s common stock is traded on the
−Removed: NASDAQ Stock Market, LLC, under the symbol MSEX.
+Added: The Company’s common stock is traded on
+Added: the NASDAQ Stock Market, LLC, under the symbol MSEX.
As of December 31, 2023, there were 1,717 holders of record.
8 unchanged sentences
common stock of the Company.
−Removed: The Company issues shares of its common stock in connection
−Removed: with its Middlesex Water Company Investment Plan (the Investment Plan), a direct share purchase and dividend reinvestment plan for the
−Removed: Company’s common stock.
−Removed: Since the inception of the Investment Plan and its predecessor plan, the Company has periodically replenished
−Removed: the level of authorized shares in the plans.
−Removed: Currently, 0.2 million shares remain registered with the SEC for the Investment Plan and
−Removed: available for potential issuance to participants.
−Removed: Middlesex has filed a petition with the NJBPU seeking to increase the number of authorized
−Removed: shares under the Investment Plan by 0.7 million shares.
−Removed: The Company raised approximately $10.3 million through the issuance of shares
−Removed: under the Investment Plan during 2022.
−Removed: On March 1, 2023, the Company will begin offering
−Removed: shares of its common stock for purchase at a 3% discount to participants in the Investment Plan.
−Removed: The discount offering will continue until
−Removed: 200,000 shares are purchased at the discounted price or December 1, 2023, whichever event occurs first.
−Removed: The discount applies
−Removed: to all common stock purchases made under the Investment Plan, whether by optional cash payment or by dividend reinvestment.
+Added: The Company issues shares of its common stock
+Added: in connection with its Middlesex Water Company Investment Plan (the Investment Plan), a direct share purchase and dividend reinvestment
+Added: plan for the Company’s common stock.
+Added: Since the inception of the Investment Plan and its predecessor plan, the Company has periodically
+Added: replenished the level of authorized shares in the plans.
+Added: Currently, 0.7 million shares remain registered with the SEC and available for
+Added: issuance to participants under the Investment Plan.
+Added: The Company raised approximately $12.1 million through the issuance of shares under
+Added: the Investment Plan during 2023.
+Added: On March 1, 2023, the Company began offering shares
+Added: of its common stock for purchase at a 3% discount to participants in the Investment Plan.
+Added: The discount offering ended December 1, 2023.
+Added: The discount applied to all common stock purchases made under the Investment Plan during that time period, whether by optional cash
+Added: payment or by dividend reinvestment.
The Company maintains a long-term incentive compensation
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The maximum number of shares authorized
−Removed: for award under this plan is 0.3 million shares, of which approximately 80% remain available for award.
+Added: for award under this plan is 0.3 million shares, of which approximately 75% remain available for future issuance.
The Company maintains a stock plan for its independent
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Approximately 42% of the authorized shares remain available for future issuance.
−Removed: Set forth below is a graph comparing the yearly change
−Removed: in the cumulative total return (which includes reinvestment of dividends) of a $100 investment for the Company’s common stock, a
−Removed: peer group of investor-owned water utilities, and the S&P 500 Stock Index for the period of five years commencing December 31, 2017.
+Added: Set forth below is a graph comparing the yearly
+Added: change in the cumulative total return (which includes reinvestment of dividends) of a $100 investment for the Company’s common stock,
+Added: a peer group of investor-owned water utilities, and the S&P 500 Stock Index for the period of five years commencing December 31, 2018.
The S&P 500 Stock Index measures the stock performance of 500 large companies listed on stock exchanges in the United States.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
−Removed: Among Middlesex Water Company, the S&P 500 Stock
−Removed: Index and a Peer Group*
+Added: Among Middlesex Water Company, the S&P 500
+Added: Stock Index and a Peer Group*
* Peer group includes American States
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.